ROFR Thread Jan to March 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[HIRyeDVC]

I feel the same way. The only reason I'd prefer not to have restricted VDH points is to be able to also use them at AUL. I don't expect VDH points to rent for the same price as VGC, so instead of renting any of my hypothetical unused VDH points I'd prefer to be able to use them at AUL.

I suppose there are plenty of people who want that flexibility or option to use wherever. I think the introduction of 350 new villas at VDH might also negatively impact VGC rental prices and resale prices. I don’t know. It can go either way. Either VGC demand goes down because of more choices at DLR. Or VDH underwhelms and VGC remains highly desired. Only time will tell!

 

[armstrongwillf]

armstrongwillf---$103-$23,037-200-SSR-Dec-400/22, 200/23, 200/24- sent 2/6/23

 

[Johtull12]

I wonder what it is about Copper Creek that is leading to these buybacks?

2068

 

[Trs5257]

Trs5257---$125-$20862-150-BWV-Sep-228/22, 150/23, 150/24- sent 1/17, passed 2/6

I had posted in the last thread that the contract was sent to ROFR 12/27/22, however was later informed there was a delay with the seller returning the contract and it wasn‘t actually sent until 1/17/23.

 

[Noles235]

Trs5257---$125-$20862-150-BWV-Sep-228/22, 150/23, 150/24- sent 1/17, passed 2/6

I had posted in the last thread that the contract was sent to ROFR 12/27/22, however was later informed there was a delay with the seller returning the contract and it wasn‘t actually sent until 1/17/23.

Oh no that is terrible. I would not have been a happy camper on that.

 

[Johtull12]

I wonder what it is about Copper Creek that is leading to these buybacks?

2068 expiry means 45 years left on deed to sell. Seems likely the biggest factor. Not sure what the value of CCV points (w/out resale restrictions) will be in 2033 with 35 years left on the contract, but it's difficult no to see them worth substantially more than what they're paying now.

 

[limace]

This is why it may be much cheaper, and maybe smarter, to buy VDH resale, since even direct owners will implement a self-imposed restriction, especially if you are already a “blue card” member. It’s the same for my VGC resale. I never use it anywhere else but at VGC. So why would I buy it direct?

That’s exactly my thinking.

 

[RNstitches]

All these SSR contracts around $100 is making me want to add-on, but we're trying to hold out for Poly2. I just don't know if I can

 

[AnnaKristoff2013]

All these SSR contracts around $100 is making me want to add-on, but we're trying to hold out for Poly2. I just don't know if I can

Given the likely pricing for Poly 2 you could quite literally buy twice as many points for the same amount at SSR. I guess if you **really** want to be able to book at poly 2, but it’s also possible poly 2 could be the same association in which case your SSR points would also be useable there.

 

[RNstitches]

Given the likely pricing for Poly 2 you could quite literally buy twice as many points for the same amount at SSR. I guess if you **really** want to be able to book at poly 2, but it’s also possible poly 2 could be the same association in which case your SSR points would also be useable there.

I know, I'm just using it as an excuse to try to be fiscally responsible and not purchase more points, but it's most likely a losing battle. My husband told me today that every day he hopes I bring up the topic of adding on, so that he can say do it. He really is not helpful in my addiction.

 

[HIRyeDVC]

I know, I'm just using it as an excuse to try to be fiscally responsible and not purchase more points, but it's most likely a losing battle. My husband told me today that every day he hopes I bring up the topic of adding on, so that he can say do it. He really is not helpful in my addiction.

I wish I had your problem

 

[DisneyTakeAllMyMoney]

That will probably be the hardest part, waiting for it to come around to the resale market. Will be even harder finding the right size and UY too. Who am I kidding. I’ll probably buy a small contract myself when it starts selling.

I'm thinking since people will want the points to use at VDH, the gap between direct and resale won't be HUGE like it is with Riviera even if they do keep the resale restrictions. Totally guessing but imagine it will be back to the pre-riviera gaps. I believe when I bought poly at $172 resale was $145ish - so I think I talked myself into buying direct when it first opens rather than waiting a year or more and losing a year or two of points and not actually saving a ton when I factor in the lost points LOL

 

[erinchristine318]

erinchristine318---$150-$16874-100-PVB-Aug- 200/22, 100/23, 100/24- sent 2/6

 

[JohnGypsy]

armstrongwillf---$103-$23,037-200-SSR-Dec-400/22, 200/23, 400/24- sent 2/6/23

Ok, I'm trying to think this one through. How can a 200 point contract have 400 for 2024 right now?

 

[JohnGypsy]

erinchristine318---$150-$16874-100-PVB-Aug-100/21, 100/22, 100/23, 100/24- sent 2/6

This is like that one earlier... Do you really mean 100 for 2021 (and those are therefore now expired/lost)? Or do you mean that 2021 was banked and this contract really has 200 for 2022?

 

[HIRyeDVC]

I'm thinking since people will want the points to use at VDH, the gap between direct and resale won't be HUGE like it is with Riviera even if they do keep the resale restrictions. Totally guessing but imagine it will be back to the pre-riviera gaps. I believe when I bought poly at $172 resale was $145ish - so I think I talked myself into buying direct when it first opens rather than waiting a year or more and losing a year or two of points and not actually saving a ton when I factor in the lost points LOL

You have a point there. By the time VDH goes on resale, the resale price might not be that much cheaper than VDH direct when it first goes on sale. I also agree that the value of VDH resale may be greater than Riviera resale, despite the restrictions, based on fewer inventory and options in Anaheim. Screw it. I’m just gonna buy when it first goes on sale! If I can convince the wife somehow that is.

 

[DisneyTakeAllMyMoney]

You have a point there. By the time VDH goes on resale, the resale price might not be that much cheaper than VDH direct when it first goes on sale. I also agree that the value of VDH resale may be greater than Riviera resale, despite the restrictions, based on fewer inventory and options in Anaheim. Screw it. I’m just gonna buy when it first goes on sale! If I can convince the wife somehow that is.

That was my overall logic - if it started selling today at $217 (the current direct price) it's probably going to be a year or two before anything pops up for resale at all.. and the direct price will be higher by then - maybe $230ish... and if the first resales go for 190-200 ($30-40 less than the direct price at that time), you don't save as much as if you bought at $217 and you've lost a year or two worth of points. There also won't be many popping up, may not be the right number of points, etc. It took quite a while for Riviera to show up on the resale market and there still aren't a ton. I don't think people will care if they are restricted to VDH as they will want them to use there and can buy resale elsewhere... and knowing how hard it was to get a DVC#2 resort out there, a #3 seems unlikely... so for all those reasons we're just sucking it up and buying... I think... unless I talk myself out of it LOL

 

[armstrongwillf]

Ok, I'm trying to think this one through. How can a 200 point contract have 400 for 2024 right now?

I fixed it. Should be 200 for 2024.

 

[HIRyeDVC]

That was my overall logic - if it started selling today at $217 (the current direct price) it's probably going to be a year or two before anything pops up for resale at all.. and the direct price will be higher by then - maybe $230ish... and if the first resales go for 190-200 ($30-40 less than the direct price at that time), you don't save as much as if you bought at $217 and you've lost a year or two worth of points. There also won't be many popping up, may not be the right number of points, etc. It took quite a while for Riviera to show up on the resale market and there still aren't a ton. I don't think people will care if they are restricted to VDH as they will want them to use there and can buy resale elsewhere... and knowing how hard it was to get a DVC#2 resort out there, a #3 seems unlikely... so for all those reasons we're just sucking it up and buying... I think... unless I talk myself out of it LOL

Ok. You really need to stop making sense! I thought I had buried my desires to buy VDH months ago. Now I’m back to square one. I’ll be completely lost when it actually goes on sale.

 

[DKZB]

Would you mind explaining this but further please.
As a PSA: Read your contracts before signing! Mine included an indemnification on the points for the broker but no explicit right to cancel nor set rental fee for the buyer. Broker happily added an addendum.

Here is the original language from my contract:

There are 143 points available now + 150 points coming Dec 1, 2023 and every year thereafter. BROKER, is not liable for point inaccuracies when/if discovered BROKER, the Disney Vacation Club (during their review of the contract terms for Right of First Refusal), or the title company at closing. Any points remaining from previous Use Years at time of closing transfer to Buyer.

IMHO this protects the broker but does nothing to protect me. Here is the addendum I had the broker add:

Buyer and Seller agree that if there are less points available, at time of closing, than stated in the
contract then the Buyer has the right to cancel the contract and have the deposit refunded in full or
the buyer may proceed with the transaction and receive a rental fee from the seller of $25.00 per
point for the missing points. This is at the buyer's sole discretion.

this has just my experience and opinion. I am not an attorney.